M&G hires ex-Abrdn and Brooks Macdonald exec as wealth CEO

Caroline Connellan joins M&G Wealth

Mark Battersby
clock • 2 min read

M&G has hired former abrdn and Brooks Macdonald senior executive Caroline Connellan as chief executive of M&G Wealth.

A statement today (4 July) said she will lead M&G's multi-channel wealth business which encompasses Financial Advice, Adviser Services including the M&G Wealth Platform, and Investment Solutions.  It currently has £85bn assets under administration. The business works with 500 of its own advisers and has an active relationship with more than 3,000 advice firms. With over 25 years' of experience in retail financial services, Connellan has a track record of transforming and growing wealth management businesses with a strong customer-centric focus, the statement said.  Most recently, s...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

The banks are back: What does this mean for advisers?

The banks are back: What does this mean for advisers?

Banks ‘uniquely positioned’ to provide advice to mass market

Sophia Panayi
clock 24 August 2026 • 6 min read
Social media investment advice leaves investors out of pocket - research

Social media investment advice leaves investors out of pocket - research

Over half who acted on social media financial advice regretted it

Isabel Baxter
clock 21 August 2026 • 3 min read
New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

New sexual harassment duty: Can adviser firms show they've taken 'all reasonable steps'?

'Employers will be expected to take all reasonable steps'

Emily Bradshaw
clock 19 August 2026 • 4 min read